What are your theories on the feasibility of Equestria's existence according to the show's lore?

Would the historical events portrayed in the show really manage to snowball into what would later become Equestria, or is it just a pile of creative license?

Would it just be ponified vertical boxes doomed to forever bounce a ball to each other?
Would it just be the average game of (table) tennis?
Would it be in intricately-woven adventure diving deep into the technical aspects and history of the video game industry?

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This is what happens when my homework overflows into my bedtime.

“What if,” Spike said, “Ginger Gypsy hadn’t been afraid to confess her love? Would you still hate her so much?”

I frowned. “Hate is a strong word. I never said I hated her.”

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I had one of those rare moments today when my thoughts go really deep about something. I shouldn't be sharing them here, right now, because I actually don't have time for that. I'm also worrying that publishing these thoughts could be seen as lazy on my part, since I talk about them, but don't say anything about my active stories that are still in a place of temporary stagnation.

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